Current Rate
Latest Decision
Raised 25 bps
Next Meeting
October 28, 2026
Federal Funds Target Range
Source ↗Explore current interest rates across major global central banks, including the Federal Reserve, European Central Bank, Bank of England and Bank of Japan. Broker Alarab provides central bank meeting schedules for 2026 and 2027, previous policy decisions, international interest rate comparisons and historical data to help readers understand monetary policy trends and their potential impact on currencies and gold.
Interest rates differ across major economies according to inflation, economic growth and monetary policy objectives. Comparing central bank rates helps readers understand interest rate differentials and policy trends. However, not all benchmark rates are defined in the same way. Some central banks use a single policy rate, while the Federal Reserve sets a target range. Broker Alarab identifies the displayed benchmark and its official source for each bank.
| Central Bank | Current Rate | Policy Rate Type | Latest Decision | Next Meeting | Source |
|---|---|---|---|---|---|
🇺🇸 Federal Reserve United States · USD | 4.00% | Federal Funds Target Range | Raised 25 bps September 16, 2026 | October 28, 2026 | Source ↗ |
🇪🇺 European Central Bank Euro Area · EUR | 2.50% | Deposit Facility Rate | Raised 25 bps September 10, 2026 | October 29, 2026 | Source ↗ |
🇬🇧 Bank of England United Kingdom · GBP | 3.75% | Bank Rate | No change September 17, 2026 | November 5, 2026 | Source ↗ |
🇯🇵 Bank of Japan Japan · JPY | 1.25% | Uncollateralized Overnight Call Rate Target | Raised 25 bps September 18, 2026 | October 30, 2026 | Source ↗ |
🇨🇦 Bank of Canada Canada · CAD | 2.25% | Target for the Overnight Rate | No change September 2, 2026 | October 28, 2026 | Source ↗ |
🇦🇺 Reserve Bank of Australia Australia · AUD | 4.60% | Cash Rate Target | Raised 25 bps September 29, 2026 | November 3, 2026 | Source ↗ |
🇨🇭 Swiss National Bank Switzerland · CHF | 0.00% | SNB Policy Rate | No change September 24, 2026 | December 10, 2026 | Source ↗ |
🇳🇿 Reserve Bank of New Zealand New Zealand · NZD | 2.75% | Official Cash Rate (OCR) | Raised 25 bps September 2, 2026 | October 28, 2026 | Source ↗ |
Current Rate
Latest Decision
Raised 25 bps
Next Meeting
October 28, 2026
Federal Funds Target Range
Source ↗Current Rate
Latest Decision
Raised 25 bps
Next Meeting
October 29, 2026
Deposit Facility Rate
Source ↗Current Rate
Latest Decision
No change
Next Meeting
November 5, 2026
Bank Rate
Source ↗Current Rate
Latest Decision
Raised 25 bps
Next Meeting
October 30, 2026
Uncollateralized Overnight Call Rate Target
Source ↗Current Rate
Latest Decision
No change
Next Meeting
October 28, 2026
Target for the Overnight Rate
Source ↗Current Rate
Latest Decision
Raised 25 bps
Next Meeting
November 3, 2026
Cash Rate Target
Source ↗Current Rate
Latest Decision
No change
Next Meeting
December 10, 2026
SNB Policy Rate
Source ↗Current Rate
Latest Decision
Raised 25 bps
Next Meeting
October 28, 2026
Official Cash Rate (OCR)
Source ↗The central bank meeting calendar brings together announced monetary policy decision dates and previously published outcomes. Readers can explore upcoming meetings by bank and year and review whether past decisions resulted in rate increases, cuts or holds. Announced schedules may change, and unscheduled policy decisions can occur. Broker Alarab therefore references official central bank calendars and announcements. When a decision has been announced but its outcome has not yet been entered, the calendar displays an awaiting update status rather than an unverified result.
Upcoming monetary policy announcements recorded in our database
| Central Bank | Currency | Decision Date | Time (UTC) | Status | Official Calendar |
|---|---|---|---|---|---|
🇺🇸Federal Reserve | USD | 18:00 UTC | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 13:45 UTC | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 01:00 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 13:15 UTC | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 03:30 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 12:00 UTC | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 03:30 UTC | Scheduled | Calendar ↗ | |
🇺🇸Federal Reserve | USD | 19:00 UTC | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 14:45 UTC | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 01:00 UTC | Scheduled | Calendar ↗ | |
🇨🇭Swiss National Bank | CHF | 08:30 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 13:15 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 12:00 UTC | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇺🇸Federal Reserve | USD | 19:00 UTC | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 14:45 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 13:15 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 12:00 UTC | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 03:30 UTC | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 01:00 UTC | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 14:45 UTC | Scheduled | Calendar ↗ | |
🇺🇸Federal Reserve | USD | 18:00 UTC | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 01:00 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 13:15 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 12:00 UTC | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇨🇭Swiss National Bank | CHF | 08:30 UTC | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 03:30 UTC | Scheduled | Calendar ↗ | |
🇺🇸Federal Reserve | USD | 18:00 UTC | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 13:45 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 12:15 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 11:00 UTC | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 04:30 UTC | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 02:00 UTC | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 13:45 UTC | Scheduled | Calendar ↗ | |
🇺🇸Federal Reserve | USD | 18:00 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 12:15 UTC | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 02:00 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 11:00 UTC | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 04:30 UTC | Scheduled | Calendar ↗ | |
🇨🇭Swiss National Bank | CHF | 07:30 UTC | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 13:45 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 12:15 UTC | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇺🇸Federal Reserve | USD | 18:00 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 11:00 UTC | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 02:00 UTC | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 04:30 UTC | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 13:45 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 12:15 UTC | Scheduled | Calendar ↗ | |
🇺🇸Federal Reserve | USD | 18:00 UTC | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 02:00 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 11:00 UTC | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇨🇭Swiss National Bank | CHF | 07:30 UTC | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 04:30 UTC | Scheduled | Calendar ↗ | |
🇺🇸Federal Reserve | USD | 18:00 UTC | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 13:45 UTC | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 01:00 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 13:15 UTC | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 03:30 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 12:00 UTC | Scheduled | Calendar ↗ | |
🇺🇸Federal Reserve | USD | 19:00 UTC | Scheduled | Calendar ↗ | |
🇨🇦Bank of Canada | CAD | 14:45 UTC | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | 01:00 UTC | Scheduled | Calendar ↗ | |
🇦🇺Reserve Bank of Australia | AUD | 03:30 UTC | Scheduled | Calendar ↗ | |
🇪🇺European Central Bank | EUR | 13:15 UTC | Scheduled | Calendar ↗ | |
🇬🇧Bank of England | GBP | 12:00 UTC | Scheduled | Calendar ↗ | |
🇨🇭Swiss National Bank | CHF | 08:30 UTC | Scheduled | Calendar ↗ | |
🇯🇵Bank of Japan | JPY | Not specified | Scheduled | Calendar ↗ | |
🇳🇿Reserve Bank of New Zealand | NZD | Not specified | Scheduled | Calendar ↗ |
18:00 UTC
13:45 UTC
01:00 UTC
13:15 UTC
Time not specified
03:30 UTC
12:00 UTC
03:30 UTC
19:00 UTC
14:45 UTC
01:00 UTC
08:30 UTC
13:15 UTC
12:00 UTC
Time not specified
Time not specified
19:00 UTC
14:45 UTC
13:15 UTC
12:00 UTC
03:30 UTC
01:00 UTC
14:45 UTC
18:00 UTC
01:00 UTC
13:15 UTC
12:00 UTC
Time not specified
08:30 UTC
03:30 UTC
18:00 UTC
Time not specified
13:45 UTC
12:15 UTC
11:00 UTC
04:30 UTC
02:00 UTC
13:45 UTC
18:00 UTC
12:15 UTC
Time not specified
02:00 UTC
11:00 UTC
04:30 UTC
07:30 UTC
13:45 UTC
12:15 UTC
Time not specified
18:00 UTC
11:00 UTC
02:00 UTC
04:30 UTC
13:45 UTC
12:15 UTC
18:00 UTC
02:00 UTC
11:00 UTC
Time not specified
07:30 UTC
04:30 UTC
18:00 UTC
13:45 UTC
01:00 UTC
13:15 UTC
Time not specified
03:30 UTC
12:00 UTC
19:00 UTC
14:45 UTC
01:00 UTC
03:30 UTC
13:15 UTC
12:00 UTC
08:30 UTC
Time not specified
Time not specified
Historical interest rate decisions help explain how monetary policy has evolved over time. The decision history records each announcement date, previous and new benchmark rates, and the change in basis points, including decisions to leave rates unchanged. Historical charts make it easier to explore policy trends across different periods while accounting for differences in benchmark definitions. Past policy changes do not necessarily predict future central bank decisions.
Explore historical interest rate changes and monetary policy decisions from major central banks worldwide. Select a central bank and year to view the rate history, interactive chart, and previous decisions.
Historical policy rate changes based on recorded decisions
This chart is based on historical monetary policy decisions recorded in the database and does not represent future interest rate forecasts. A step line is used to illustrate how a policy rate remains in effect between recorded decisions.
Previous Rate
3.75%
New Rate
4.00%
Previous Rate
3.75%
New Rate
3.75%
Previous Rate
3.75%
New Rate
3.75%
Previous Rate
3.75%
New Rate
3.75%
Previous Rate
3.75%
New Rate
3.75%
Previous Rate
3.75%
New Rate
3.75%
Previous Rate
4.00%
New Rate
3.75%
Previous Rate
4.25%
New Rate
4.00%
Previous Rate
4.50%
New Rate
4.25%
Previous Rate
4.75%
New Rate
4.50%
Review recent interest rate increases, cuts and holds, including decision dates, resulting policy rates and changes measured in basis points.
Decision Date
September 30, 2026
Decision Date
September 29, 2026
Decision Date
September 24, 2026
Decision Date
September 18, 2026
Decision Date
September 17, 2026
Decision Date
September 16, 2026
Decision Date
September 10, 2026
Decision Date
September 2, 2026
Decision Date
September 2, 2026
Decision Date
August 11, 2026
Decision Date
July 31, 2026
Decision Date
July 30, 2026
Explore the Federal Reserve, European Central Bank, Bank of England, Bank of Japan and other major central banks. Compare current policy rates, upcoming decisions and monetary policy information.
United States · USD
The Federal Reserve sets the target range for the federal funds rate. Traders closely follow FOMC decisions, economic projections and guidance on future monetary policy.
Next Rate Decision
October 28, 2026
Euro Area · EUR
The European Central Bank manages monetary policy for the euro area. Its deposit facility rate is a key benchmark monitored by currency and financial markets.
Next Rate Decision
October 29, 2026
United Kingdom · GBP
The Bank of England's Monetary Policy Committee sets Bank Rate while assessing UK inflation, wages, employment and economic activity.
Next Rate Decision
November 5, 2026
Japan · JPY
The Bank of Japan determines monetary policy while evaluating inflation, wage growth and financial conditions, with important implications for the Japanese yen.
Next Rate Decision
October 30, 2026
Canada · CAD
The Bank of Canada sets the target for the overnight rate, a major benchmark influencing borrowing costs and expectations for the Canadian dollar.
Next Rate Decision
October 28, 2026
Australia · AUD
The Reserve Bank of Australia sets the cash rate target, considering inflation, employment, domestic demand and broader economic conditions.
Next Rate Decision
November 3, 2026
Switzerland · CHF
The Swiss National Bank conducts monetary policy to maintain price stability, taking account of inflation, monetary conditions and the Swiss franc.
Next Rate Decision
December 10, 2026
New Zealand · NZD
The Reserve Bank of New Zealand sets the Official Cash Rate and publishes monetary policy assessments covering inflation, economic growth and future rate expectations.
Next Rate Decision
October 28, 2026
Understanding central bank interest rates involves more than knowing the current percentage. It also requires understanding policy decisions, market expectations and the economic outlook.
Central banks use monetary policy interest rates to influence borrowing costs, financial conditions and economic demand. Higher interest rates may help reduce inflationary pressures by slowing spending and credit growth. Lower rates may support economic activity when conditions allow.
Policy decisions depend on several economic indicators, including inflation, employment, wages, growth and financial stability. Monetary policy frameworks also differ between the United States, euro area, Japan and other economies.
Central banks evaluate inflation trends, underlying price pressures and future expectations.
Policymakers review labour markets, consumer spending, output and financial conditions.
The bank may increase, decrease or maintain its policy rate based on economic conditions.
Markets analyse official statements, forecasts and press conferences for clues about future policy.
Rate hike: Usually represents tighter monetary policy and higher borrowing costs. Rate cut: Generally signals an easing of monetary conditions. Rate hold: Means the policy rate remains unchanged, although the central bank's guidance may still influence markets.
Financial markets respond to differences between actual decisions and prior expectations. An unchanged interest rate may still trigger significant price movements if the central bank changes its inflation forecasts, economic outlook or expected policy path.
Interest rate decisions influence borrowing costs, yields and investor expectations. However, the direction of market movements depends on economic conditions and whether decisions surprise investors.
Expected interest rate differentials influence currency valuations and capital flows. Expectations for future policy decisions are often more important than the current rate alone.
Gold prices respond to real yields, the US dollar, inflation expectations and global risks. There is no fixed or guaranteed relationship between interest rates and gold.
Borrowing costs, discount rates and earnings expectations can affect equity valuations. The impact varies across sectors and economic conditions.
Bond yields reflect expectations for interest rates, inflation and risk. Short-term and long-term yields may respond differently to policy announcements.
US interest rate expectations influence yields on dollar-denominated assets. Higher expected yields may support the dollar, but the outcome also depends on monetary policy in other economies, economic growth expectations and global risk sentiment. A Federal Reserve decision alone cannot determine the direction of the dollar.
Forex traders often compare expected policy paths between central banks. For example, the outlook for Federal Reserve and ECB rates can influence EUR/USD. However, the current interest rate differential is only one factor. Inflation, growth, future expectations and global risk conditions also matter.
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Answers to common questions about global interest rates, central bank meetings, monetary policy decisions and their effects on financial markets.
Global interest rates generally refer to the benchmark policy rates set by central banks across different economies. These rates influence borrowing costs, financial returns and market expectations, although the definition of the benchmark differs between central banks.
Broker Alarab provides a comparison of benchmark interest rates across major central banks, including the latest recorded rate and its associated decision date. Readers can also consult official central bank sources to verify the latest information.
Most central banks publish schedules for regular monetary policy meetings in advance. The number and timing of meetings vary by institution, and unscheduled decisions may also occur. Broker Alarab lists available officially announced meeting dates.
A rate hike increases the benchmark policy rate, a rate cut reduces it, and a hold leaves it unchanged. Central banks make these decisions based on economic conditions, inflation and financial developments.
One basis point equals 0.01 percentage points. A 25-basis-point increase therefore raises a policy rate by 0.25 percentage points, for example from 4.00% to 4.25%.
Differences in policy rates and expectations about future changes can influence currency demand and capital flows. Exchange rates also depend on inflation, economic growth, financial risks and whether central bank decisions match market expectations.
No. Gold may benefit from lower real yields or a weaker US dollar in some circumstances, but prices also respond to inflation expectations, geopolitical risks, investment demand and broader market conditions.
It means the scheduled announcement time has passed, but the new outcome has not yet been recorded in Broker Alarab data. The previously confirmed policy rate remains displayed with its original decision date until the new result is entered.
Broker Alarab displays interest rate data recorded in its database, together with links to official central bank sources. Meeting dates refer to the recorded policy decision date where available. Different central banks use different policy rate definitions, and these differences should be considered when comparing rates.
Interest rates, meeting dates and announcement times may change. Always verify the latest information with the relevant central bank before making financial decisions. This content is provided for informational purposes only and does not constitute investment advice.
Interest rates, meeting schedules and historical decisions are stored in the Broker Alarab database. Official central bank sources are provided for independent verification. Published information may change after this page has been loaded. Database access is not equivalent to continuous real-time verification.